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Aramco IPO: Thanks but no thanks, says Petronas
KUALA LUMPUR/LONDON: With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas [PETR.UL] decided to take a pass yesterday. Expectations that Aramco customers and allies around the world would take
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Petronas wins three exploration blocks in Brazil bid round
KUALA LUMPUR: Petronas through its subsidiary, Petronas Petróleo Brasil Ltda (PPBL) has won three exploration blocks during Brazil’s exploration blocks bid round held at Rio de Janeiro, Brazil yesterday. PPBL won blocks CM 661, CM 715 and CM 541, all
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Dr M: No cronyism in awarding projects
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad reiterated that there was no cronyism in awarding government projects, including on renewable energy. “I reject this suggestion that these players were related to me. I (want to) ask all my relatives,
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PETRONAS: No offer yet from Saudi Aramco
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said that it has yet to receive any offer to become a potential cornerstone investor in Saudi Aramco’s proposed Initial Public Offering (IPO). “Petronas, to-date, has not received any offer from Saudi Aramco or
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Dr M: We may list Petronas’ subsidiary
NEW YORK: The government may consider listing one of Petronas’ subsidiary to make Bursa Malaysia more attractive. Prime Minister Tun Dr Mahathir Mohamad said Petronas Carigali was one of the companies being considered, adding that there were also other possibilities.
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Petronas enhancing security at facilities after Saudi oil attacks
KUALA LUMPUR: Petronas is planning to enhance security at its critical oil facilities following the recent attacks on two major facilities run by Saudi Arabia’s state oil giant, Saudi Aramco. Petronas president and group CEO Wan Zulkiflee Wan Ariffin said
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Analysts: Malaysia will benefit from oil price rise
KUALA LUMPUR: Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked out more than five percent of global supply
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Petronas sells Bertam crude to Shell
SINGAPORE: Petronas has awarded a tender of September-loading Bertam crude at a premium of more than US$5 a barrel above dated Brent, two trade sources told Reuters yesterday. Royal Dutch Shell is believed to be the final buyer of the
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Tun M: Petronas geared towards achieving Paris Agreement
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is spearheading an industry-wide study with various agencies to develop an Oil, Gas, Energy and Environment White Paper on Malaysia’s Future Energy Landscape. Prime Minister Tun Dr Mahathir Mohamad said the study supported Malaysia’s
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MHB shares rise after unit bags Petronas contract
KUALA LUMPUR: Shares in Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) rose five percent to 84 sen at 10.15 am with 1.3 million shares traded, after its subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and partner, Hiap
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